Like many of the currency pairs, the AUDUSD is trading in a narrow trading range. Support is holding the 200-day MA at 0.65787. The 50% midpoint of the move up from the October low, is at 0.65699. Going forward, a move below each is needed to increase the bearish...
Reuters Poll: BOE to hold bank rate at 5.25% at the next rate meeting
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
USDCAD muddles along to start the trading week. What levels are in play and why today?
To start the trading week, the USDCAD traders tried to push to the downside but found support buyers near the 200 bar moving average on the 4-hour chart at 1.3409. That level is also within a swing area between 1.3398 and 1.3414.On the top side, the close resistance...
US Leading Index -0.1% vs -0.3% estimate
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Major US indices extend Friday’s gains. S&P index reaching new all-time intraday highs
The major US stock indices are trading higher, and in the process, but the Dow Industrial Average and S&P index are making new all-time intraday highs. A snapshot of the market currently shows:Dow Industrial Average up 132 points or 0.36% at 37999.S&P index is...
Kickstart your FX trading with a technical look at the 3 major currencies
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
WSJ: More workers want to change jobs but job market is more challenging
Last week, the initial jobless claims data moved back below the 200K level to 187K. That was the lowest level since September 2022 when the number came in at 184K. That number last week corresponded with the survey week for the BLS for the next US jobs report to be...
ForexLive European FX news wrap: Currencies little changed as equities stay buoyed
Headlines:Markets:JPY leads, AUD lags on the dayEuropean equities higher; S&P 500 futures up 0.4%US 10-year yields down 3.8 bps to 4.086%Gold flat at $2,029.11WTI crude up 0.4% to $73.70Bitcoin down 1.6% to $40,825It was a quiet session mostly with minimal...
US futures nudge higher with yields holding lower on the day
Of note, 10-year Treasury yields look to be coming close to test the 200-day moving average of 4.091% and is now slipping just past its own 100-hour moving average of 4.097%. In turn, equities are staying buoyed with S&P 500 futures now up 0.4% ahead of US trading...
Significant Improvements for Partnership from JustMarkets
JustMarkets, an esteemed player in the global brokerage arena, is thrilled to announce significant upgrades to its partnership programs. The launch of the new Partner Loyalty Program and enhancements to the Introducing Broker (IB) Program mark a pivotal moment in the...
China says it will step up scrutiny over officials for falsifying economic data
The NBS says that any officials caught committing data fraud "will be found, investigated and dealt with, and will not be tolerated". Adding that "statistical fraud is the biggest corruption in the field of statistics, which seriously violates the law and affects the...
Japan PM Kishida: We’re at a critical juncture to escape from deflation
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Is the Global Elite Preparing for a New Pandemic?
Amid a deluge of news of new protests, rocket launches, and a general rise in geopolitical tensions, many have forgotten about the pandemic as if it were a bad dream.The problem is that it is not out of the question that we will face another coronavirus in a couple of...
Major central banks back on the agenda in trading this week
On Tuesday, we're going to get the Bank of Japan and that is going to be one of the more interesting ones. Then, there is the Bank of Canada coming up on Wednesday followed by the European Central Bank on Thursday. As such, there will be plenty for traders to...
Market Recap: Stocks extend rally
Economic Indicators & Central Banks: China’s lending rates remain unchanged. That followed the PBOC’s decision to maintain borrowing costs earlier this month, which was another disappointment that did little to boost Chinese stock markets. Recent data...
SNB total sight deposits w.e. 19 January CHF 473.4 bn vs CHF 476.3 bn prior
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
China’s big banks seen selling dollars to bolster the yuan currency – report
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Market Outlook for the Week of 22-26 January
Monday is going to be a quiet day for the FX market with no significant event on the calendar.On Tuesday, the focus will be on the Bank of Japan's monetary policy announcement and New Zealand's inflation data. Wednesday will bring the Flash Manufacturing PMIs and...
Major currencies not up to much to start the session
The dollar is keeping steadier as we get things underway in European trading today, as traders look to reassess things after the moves at the end of last week. We saw the greenback retreat slightly with the commodity currencies in particular battling back from a...
European equities kick start the new week on a more positive note
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...